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  1. Beijing sees value of stronger currency

    Posted Oct 25th 2004, 12:00am by Wang Xiangwei

    ... the benefits of a stronger yuan and believed the time was ripe to consider a more flexible currency, the sources said. However, the leadership decided to weather mounting international and domestic pressure and keep the yuan stable in the short term because of concerns about the impact of a flexible currency on the country's banking system and the influx of so-called hot money ...

  2. So is this euro crisis good or bad for China?

    Posted May 24th 2010, 12:00am by Tom Holland

    ... with Tom Holland Ever since Greece's debt crisis erupted, business people, investors and policymakers in Hong Kong and on the mainland have been scratching their heads in an effort ... by capital controls. And although the euro zone was China's largest export market last year, buying 20 per cent of its goods shipments, the crisis-hit countries of Portugal, Italy, Greece ...

  3. HK guarantees all bank deposits

    Posted Oct 15th 2008, 12:00am by Staff Reporter

    ... strengthened. Under the measures announced yesterday, the government will use the Exchange Fund- the reserve backing the city's currency- to guarantee HK$6 trillion in deposits. The government ... Hong Kong joins Australia and New Zealand in extending deposit protection amid the worst financial crisis in decades. Macau's government also announced yesterday that it would fully ...

  4. A move towards international harmony

    Posted Jul 26th 2005, 12:00am by Tom Plate

    ... currency needs has not always proved exactly brilliant. When the 1997-1998 Asian financial crisis typhoon flattened one Asian economy after another, China escaped relatively unruffled because ... Tom Plate The Chinese government's dramatic decision to reform its currency policy holds tremendous meaning for virtually every American. For starters, it offers a measure ...

  5. Well played

    Posted Jun 25th 2010, 12:00am by Tom Orlik

    ... arriving in Canada since Hong Kong's reunion with the mainland. One week ago, it looked like the latest meeting of the world's self-appointed high council on the financial crisis would ... on the offensive in Toronto. The European debt crisis has Brussels gazing at its own bureaucratic navel. But with emerging markets like Brazil and India adding their voices to the paean of protest, ...

  6. Beijing raps US for 'shock' to global markets

    Posted Nov 09th 2010, 12:00am by Cary Huang

    ... States, as a major reserve currency issuer, did not recognise its responsibility to stabilise global markets and did not think about the impact of excessive liquidity on emerging markets by having ... markets did not lack capital, with about US$10 trillion in liquidity at present compared to US$9 trillion before the financial crisis, Zhu said. China would raise the issue and planned to have ...

  7. A flexible approach? Don't bank on it

    Posted Nov 28th 2010, 12:00am by Regina Ip

    ... the currency peg has deprived Hong Kong of the monetary tools to help the economy adjust to the financial turbulence brought on by the US subprime crisis. By tying Hong Kong's currency ... his critics not to blame our currency peg for 'hot money' inflows, citing asset bubbles in other economies as evidence of the ineluctable consequence of America's loose money ...

  8. HKMA embarks on spree to bolster local dollar

    Posted Jul 17th 2004, 12:00am by Louis Beckerling

    ... Louis Beckerling The Hong Kong Monetary Authority (HKMA) was back in the currency market yesterday, helping to mop up Hong Kong dollars after spending the closing months of last year pumping billions of dollars in local currency into the system. The HKMA, which is charged with maintaining currency stability, drained HK$3.9 billion from the market yesterday in exchange for US ...

  9. Little chance of currency deal to avert looming trade battle

    Posted Jan 11th 2011, 12:00am by Tom Holland

    ... with Tom Holland The Brazilian finance minister believes the world's 'currency war' is going to escalate into a global trade war. He may be right. Guido Mantega caused a stir in international markets last September when he claimed the world's leading economies were engaged in a currency war in which some countries were unfairly manipulating the value ...

  10. China winning currency war

    Posted Oct 31st 2010, 12:00am by Alex Lo

    ... these days,' said Mason, a specialist in the politics of international currencies and a former Federal Reserve Bank of Cleveland official. 'But maybe there is another explanation. Maybe ... fate of Japan after the Plaza Accord,' wrote Martin Wolf of the Financial Times, as a typical example of this view. 'In the absence of currency adjustments, we are seeing a form ...




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